Staff Writer
Saudi-listed Al Moammar Information Systems Company (MIS) has completed the acquisition of a 15% stake in the Eltizam insurance platform in a bid to diversify its business portfolio.
The transaction, first announced in October 2025, values the stake at SAR 19.5 million, implying a total company valuation of SAR 130 million.
MIS' stock price was up 6.9% YTD during the morning session.
(Writing by Ahmad Mousa; editing by Seban Scaria)
Ahmad.mousa@lseg.com
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